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The Bitcoin is still an asset they could sell for USD at a similar rate for what you acquired it for.
by jcranmer 4y ago
The Bitcoin is still an asset they could sell for USD at a similar rate for what you acquired it for.
- projektfu 4y agoAh, but tether foundation would have to buy it, but more likely a third party buys it with already existing tether. They would have to liquidate a lot of Bitcoin into USD at once to satisfy a big request for withdrawal, which is a problem since tether's raison d'etre is to provide that liquidity because the dollars weren't there.